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Property profile & analytics
OFF-MARKET Estimated value $305,000
Retail space

701 Water St 102 Port Townsend, WA 98368-5728

1,429 SF Built 1885
Individually Owned 5-yr Hold Free & Clear
Property ID
US90-2055882
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1885
Total area 1,429 SF
Zoning code C-III
APN 996700102
UPID US90-2055882
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k
Owner & transaction history
Port Townsend School Of The Arts · 5 yrs held
Port Townsend School Of The Arts
since 2021
Last sale
$295,281
4 recorded transactions
2021
Price N/A
2014
$295,281
2006
Price N/A
1969
Price N/A
Zoning & alternative use
C-III · Port Townsend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

multifamily residential properties outside the C-III historic commercial district that are being developed, redeveloped, or expanded shall be reduced by two spaces for each on -street parking space provided adjacent to a site. The design, placement, and proposed construction standard of on -street parking spaces will be reviewed and approved by the public wo…

Zone name Historic Commercial
General category COMMERCIAL
Zone area 24.20 ac
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